Gauri Jagtap Highlights Need for Enhanced IBC Framework in Real Estate Sector in an article on Business Standard

In a recent article titled ‘Rescued Firms 2.5 Times Those Liquidated in Realty Sector, Shows IBBI Data’ published by Business Standard, Gauri Jagtap underscored the ongoing challenges faced by the real estate sector under the Insolvency and Bankruptcy Code (IBC).

Gauri commented on the complexities that persist within the IBC framework, particularly in the real estate sector, noting, “The lack of specialized knowledge among insolvency professionals and the need for greater protection of homebuyer interests continue to complicate matters. These issues highlight the need for ongoing refinement of the IBC framework and improved coordination among stakeholders. This would ensure timely and effective resolutions in the real estate sector.”

Read more: https://www.business-standard.com/companies/news/rescued-cos-2-5-times-those-liquidated-in-real-estate-sector-ibbi-chief-124081401333_1.html